The investment group will use the bonds to refinance the land leases it holds under 57 solar projects totaling 1.2 GW in capacity.
Fresh on the heels of its the close of its acquisition by Brookfield, the yieldco is seeking to restructure its debt.
The panel manufacturer latest round of funding follows on its October 5 announcement of a $140 million funding agreement with True Green Capital Management for commercial projects in five states.
Solar developers face the challenges of different degrees of uncertainty in project construction, financing and subscriber acquisition.
Mercom Capital’s latest report shows relatively robust funding for solar globally but a slowdown in the United States due to the Section 201 investigation.
The pioneering solar & wind yieldco will be majority owned by Brookfield on October 16, and a shareholder vote for fellow yieldco TerraForm Global appears to be underway.
In a petition before the commission, tax equity providers said the intense scrutiny of passive investors was holding up renewable energy projects – and the federal commission agreed.
Richard Matsui, founder of KWh Analytics, speaks with the well-known and often controversial Jigar Shah.
The Connecticut-based asset management firm has agreed to fund 50 MW of solar projects in five states and the District of Columbia, building on the momentum they’ve had since just before Christmas last year.
The gap between initial seed funding for energy innovations and full funding once they scale dooms many to failure. Researchers at Case Western Reserve University (CWRU) are trying to help.
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